180 likes | 289 Views
Market Cycles: Election Years. Eric Lane Associate Manager, Finance Sector. Disclaimer. My…… political philosophy …… political history Why none of this matters. A Brief History of Time. How HAVE the markets performed during Presidential election years?. S&P 500: 1/1999 – 12/2007.
E N D
Market Cycles:Election Years Eric Lane Associate Manager, Finance Sector
Disclaimer My…… political philosophy …… political history Why none of this matters
A Brief History of Time How HAVE the markets performed during Presidential election years?
2008 – A Different Kind of Election Now onto the present……
The Iowa Electronic Market Democrat or Republican
The Iowa Electronic Market Democrat Nomination
Democrat President in 2008? Traditional Winners Traditional Losers • Metals • Trade Regulations • Alternate Energy and Environmental Cleanup • Freddie Mac/Fannie Mae • Homebuilders • Oil and Gas • Pharmaceuticals • Insurance Providers • Defense
Big Pharma PHLX Drug Index
Big Oil PHLX Oil Services Index
Barack Obama (D) Senator from Illinois
Policy Platform • Cracking down on mortgage fraud • Helping homeowners avoid foreclosure • Middle Class Tax Relief • "Making Work Pay" credit • American Opportunity Tax credit • Retirement Security • Health Care Reform • Alternative Energy
Hillary Clinton (D) Senator from New York
Policy Platform • Ending the foreclosure crisis • Stimulus Package • High-wage job growth • Health Care Reform • Leveling the Economic Playing Field • Strategic Energy Fund • Special Interest reform • Health Care • Trade
John McCain (R) Senator from Arizona
Policy Platform • Pro-Growth Tax Policy • Keep tax rate low • Make permanent Bush income and investment tax cuts • Cut the corporate tax rate • Ban Internet and cell phone taxes • Social Security and Medicare • Trade • Health Care • Market-based energy reform
The Best Option? Gridlock.